Sprint May Go Lower Than $99.99

...and what the FCC can do about it

(NEWSER) - Wireless carriers call for minimum regulations on their industry, claiming their market is competitive. But with consumers bound by two-year contracts, it’s easy for companies like Verizon and AT&T to take advantage. It’s time for the FCC to get serious about protecting wireless users, the editors of the New York Times write. The agency can start by curbing early termination fees on contracts to give consumers more power to shop around. Text messaging provides another disturbing example. More»

Verizon has reach, but is way behind on sexy smartphones

(NEWSER) - Verizon’s network may be the envy of its peers, but its smart phones definitely aren’t, writes Priya Ganapati. Caught off guard by the iPhone phenomenon, the carrier has taken a very cautious approach to new devices, subjecting them to a long testing process. As a result, while its competitors have carved out niches, Verizon is stuck in place. More»

(NEWSER) - 3G landed in the US in 2003. But it wasn’t until the iPhone came around five years later that “consumers finally had a device that showed them the power of mobile broadband networks,” Stephanie N. Mehta writes in Fortune. In fact, "a few executives at US wireless operators admitted at the time that 3G mainly allowed them to handle high volumes of voice calls at peak times.” So what’s all this hype about 4G now? More»

Several wireless and financial firms fall after downgrades

(NEWSER) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,628.03, and the S&P 500 shed 4.35 to settle at 927.45. More»

Wireless companies are in negotiations to cover 80 million customers

(NEWSER) - Verizon Communications is in negotiations to buy wireless carrier Alltel, a merger that would cover 80 million US subscribers and create the nation's biggest cell-phone company, the Wall Street Journal reports—though the potential $27 billion deal could easily fall through. But if it's consummated, and the feds see no antitrust problems, the new company would surpass AT&T, with 71 million customers, as No. 1. More»